I came across a book entitled How Money Works: Stop Being A Sucker by Tom Mathews and Steve Siebold. It was actually given to my family by my wife’s coworker. After reading it I definitely think that it is a great book for all young people and anyone else looking to add a little knowledgeContinue reading “Good Financial Literacy Book”
Category Archives: Interest Rates
Basic Rule Of Investing
Every investor and borrow absolutely must know and understand the Rule of 72. The Rule of 72 is a simple math shortcut that can be used to quickly figure out the amount of time it will take for money to double at a fixed rate of interest. The way it works is easy. All youContinue reading “Basic Rule Of Investing”
Check Your Investments Regularly
As a small investor you should always be focused on the long-term. You should work on developing your patience and discipline so that you are not panicking at every bit of bad news that comes out and therefore making emotional decisions that are probably going to hurt you more than help you. Rather, trust thatContinue reading “Check Your Investments Regularly”
Your Money Needs to Last Longer!
The average lifespan for all people has been going up. This is due to better technology and huge advancements in health care. Despite the blip downward caused by the Covid pandemic, we are all living longer. That is great news! However, it comes with its own challenges. A big challenge is not having enough moneyContinue reading “Your Money Needs to Last Longer!”
Best Place to Invest
The longterm advantages of the U.S. make it the best bet in the world. It has advantages that have made it and will continue to make it the most powerful economy on Earth. It is large and has favorable geography and climate. It has a large educated population, good demographics, and abundant natural resources. Finally,Continue reading “Best Place to Invest”
Watch Out For Investment Scams!
A comfortable retirement in our later years starts with investment money in our current years. Watching money grow as it compounds is awesome but it is not a quick process. It is in our nature to want to speed that process along. However, scammers and frauds count on these feelings of impatience to try toContinue reading “Watch Out For Investment Scams!”
Track Your Money
A boss of mine years ago explained to me that if you want to effect change in some way the most powerful way to do that is to track whatever it is. That is an incredibly powerful idea and I wholeheartedly believe in it. I attempt to use it in many aspects of my lifeContinue reading “Track Your Money”
Opportunities are on Down Days
Buy low and sell high! Easy to say and really really hard to actually do. We love to watch our investments go up and hate to see them go down. It is well documented that people often do the exact opposite of what they should do when it comes to buying and selling stocks. TheyContinue reading “Opportunities are on Down Days”
Savings Rate Goal
Getting the magic of compounding interest to work for you is the goal of savings. However, it takes time. It is not quick on its own. There are only a couple of ways to speed it up. One is to get a higher interest rate, but that is not something that you can control. Also,Continue reading “Savings Rate Goal”
An Eye Opening Table for Me!
When I was 22 and about to graduate from college I attended a seminar about where to place investment money. A table was shown early in the presentation that I can say literally changed my life. It has been the defining philosophy of my approach to money. The table was made up of five columns. The first column wasContinue reading “An Eye Opening Table for Me!”
Patient and Disciplined Saving 